Grace & White Inc. NY Has $8.09 Million Stock Holdings in Kimco Realty Corporation $KIM

Key Points

• Grace & White Inc. NY increased its holdings in Kimco Realty Corporation by 9.6% during the 2nd quarter, now owning approximately $8.09 million worth of shares.
• Kimco Realty reported a quarterly earnings per share (EPS) of $0.44, surpassing estimates and reflecting a revenue increase of 5% year-over-year.
• The company declared a quarterly dividend of $0.25, representing a 4.8% dividend yield, while its payout ratio stands at 120.48%.

Grace & White Inc. NY boosted its stake in shares of Kimco Realty Corporation (NYSE:KIM - Free Report) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 384,862 shares of the real estate investment trust's stock after purchasing an additional 33,700 shares during the period. Kimco Realty accounts for about 1.5% of Grace & White Inc. NY's investment portfolio, making the stock its 21st biggest holding. Grace & White Inc. NY owned 0.06% of Kimco Realty worth $8,090,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC acquired a new position in shares of Kimco Realty during the 1st quarter worth approximately $29,000. Keystone Global Partners LLC bought a new position in Kimco Realty during the first quarter worth $30,000. Golden State Wealth Management LLC increased its holdings in shares of Kimco Realty by 177.6% in the first quarter. Golden State Wealth Management LLC now owns 1,424 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 911 shares during the last quarter. WASHINGTON TRUST Co acquired a new position in shares of Kimco Realty in the first quarter valued at $34,000. Finally, GKV Capital Management Co. Inc. bought a new position in shares of Kimco Realty in the first quarter valued at about $38,000. 89.25% of the stock is owned by institutional investors and hedge funds.

Kimco Realty Stock Down 2.1%

NYSE KIM opened at $20.78 on Friday. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.76. The company has a market cap of $14.07 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 1.54 and a beta of 1.30. The company has a 50 day moving average of $21.78 and a 200-day moving average of $21.22. Kimco Realty Corporation has a 1-year low of $17.93 and a 1-year high of $25.83.

Kimco Realty (NYSE:KIM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $525.18 million during the quarter, compared to analysts' expectations of $524.75 million. Kimco Realty had a return on equity of 5.58% and a net margin of 28.54%.The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Kimco Realty has set its FY 2025 guidance at 1.730-1.750 EPS. On average, equities research analysts expect that Kimco Realty Corporation will post 1.71 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Friday, September 5th. Kimco Realty's payout ratio is 120.48%.

Analyst Ratings Changes

Several brokerages recently commented on KIM. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Kimco Realty in a report on Wednesday. Evercore ISI boosted their price objective on Kimco Realty from $22.00 to $23.00 and gave the stock an "in-line" rating in a report on Monday, September 8th. Wall Street Zen raised Kimco Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Piper Sandler decreased their target price on Kimco Realty from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Finally, Barclays upped their price objective on Kimco Realty from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.92.

Insider Activity

In related news, Director Mary Hogan Preusse sold 23,100 shares of the business's stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $21.66, for a total value of $500,346.00. Following the completion of the sale, the director directly owned 40,260 shares in the company, valued at approximately $872,031.60. The trade was a 36.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company's stock.

Kimco Realty Company Profile

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America's largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.

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